United Services Automobile Association raised its holdings in Rent-A-Center Inc (NASDAQ:RCII) by 5,292.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 569,361 shares of the company’s stock after acquiring an additional 558,802 shares during the quarter. United Services Automobile Association owned approximately 1.06% of Rent-A-Center worth $117,937,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in RCII. Chicago Capital Management LLC bought a new position in Rent-A-Center in the 2nd quarter valued at $15,150,000. BlackRock Inc. grew its position in Rent-A-Center by 8.7% in the 2nd quarter. BlackRock Inc. now owns 7,066,882 shares of the company’s stock valued at $104,023,000 after acquiring an additional 566,292 shares during the last quarter. Alta Fundamental Advisers LLC bought a new position in Rent-A-Center in the 1st quarter valued at $4,732,000. Perella Weinberg Partners Capital Management LP bought a new position in Rent-A-Center in the 2nd quarter valued at $5,967,000. Finally, SG Americas Securities LLC grew its position in Rent-A-Center by 1,228.8% in the 2nd quarter. SG Americas Securities LLC now owns 438,269 shares of the company’s stock valued at $6,451,000 after acquiring an additional 405,286 shares during the last quarter. 95.50% of the stock is currently owned by institutional investors.

In other news, insider Engaged Capital Llc sold 4,450,000 shares of the stock in a transaction on Monday, August 20th. The stock was sold at an average price of $14.67, for a total transaction of $65,281,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.88% of the stock is currently owned by corporate insiders.

Several equities analysts have commented on the company. BidaskClub downgraded Rent-A-Center from a “hold” rating to a “sell” rating in a research report on Thursday, August 23rd. ValuEngine downgraded Rent-A-Center from a “hold” rating to a “sell” rating in a research report on Thursday, June 7th. Janney Montgomery Scott downgraded Rent-A-Center from a “buy” rating to a “neutral” rating in a research report on Monday, June 18th. Stephens raised Rent-A-Center from an “underweight” rating to an “equal” rating in a research report on Monday, June 18th. Finally, Stifel Nicolaus increased their price target on Rent-A-Center from $9.00 to $12.00 and gave the stock a “hold” rating in a research report on Tuesday, June 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $11.00.

Shares of RCII traded up $0.02 during midday trading on Friday, reaching $14.76. 3,900 shares of the stock were exchanged, compared to its average volume of 827,424. Rent-A-Center Inc has a 52 week low of $7.22 and a 52 week high of $14.94. The company has a current ratio of 2.60, a quick ratio of 0.67 and a debt-to-equity ratio of 2.15. The company has a market capitalization of $788.70 million, a price-to-earnings ratio of -27.30 and a beta of 0.62.

Rent-A-Center (NASDAQ:RCII) last posted its quarterly earnings results on Monday, July 30th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.24. Rent-A-Center had a negative return on equity of 3.42% and a net margin of 0.61%. The business had revenue of $655.70 million for the quarter, compared to the consensus estimate of $645.49 million. During the same quarter in the prior year, the company earned ($0.01) EPS. The business’s revenue was down 3.2% compared to the same quarter last year. equities research analysts predict that Rent-A-Center Inc will post 0.67 EPS for the current year.

Rent-A-Center Company Profile

Rent-A-Center, Inc, together with its subsidiaries, leases household durable goods to customers on a rent-to-own basis. The company operates through four segments: Core U.S., Acceptance Now, Mexico, and Franchising. It offers durable products, such as consumer electronics; appliances; computers, including tablets; smartphones; and furniture, including accessories under rental purchase agreements.

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Institutional Ownership by Quarter for Rent-A-Center (NASDAQ:RCII)

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